Section 2
SEC. 2. There is hereby appropriated, out of any funds in the National Treasury not otherwise appropriated, the sum of Two Billion Four Hundred Million Pesos or so much thereof as may be necessary to finance the local currency costs of the Project, such amount to be released by the Budget Commission in accordance with the schedule of cash requirements as shall be prepared and submitted by the National Irrigation Administration: Provided, That releases from the general fund in a given fiscal year may be reduced to the extent that funds shall have been actually made available in such year for the Project from the proceeds of bonds issued in accordance with the provisions of Republic Act Numbered Forty-Eight Hundred and Sixty-One, which proceeds from bond issues are hereby appropriated for the Project, any provision of law to the contrary notwithstanding.